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It may be a good bark, but it's still a bad dog. Bit me for 95% down on investment so I don't really care if it starts singing like Taylor Swift it's still a howler
Yes, I agree with you GMHK but I'd be more than happy if this got to the 250-300 in coming months. But then I'm also one of those that got out of RR. too early!
Been passively sitting on my hands for couple of weeks as the price wasn’t doing anything exciting below 160. I was in a bit of disbelief at 138p yesterday with my unrealised loss of 26k at that point.. looking at the loss now being only 4k at 179p brings me much needed hope. My updated target for this company is 350p in the next 3-6 months. I have no intention to sell on break even at 186p as there’s hardly any better opportunity out there. I don’t think we need any other news as the market got its catalyst and is always forward looking so expectation is for a very modest recovery and growth.
This is the most interesting part for me. The EBITDA line may be depressed currently but heavily weighted to higher quality business. Onwards and upwards hopefully! ? ?We have increased the speciality weighting of our portfolio to c.55% of revenue, and a higher proportion of EBITDA currently.?
It's a very pleasant surprise that's for sure. Hope it is sustainable and we see continued traction over coming weeks/months.
WT - you looked at VANQ ... stayed away from it yesterday but just bought in having read the RNS umpteen times. Seems like another market over-reaction. Certainly not a keeper but an interesting punt.
Well done to those that stuck with it all this time :)
I'll re-assess things in due course
GLA
LOTM
If this is a dog, I'm liking the sound of its bark today!
Wondered where you'd gone GMHK.
I'm guessing the covenant one liner has been picked up on. This has been run by A trades for a while now and it must have been a short running which is now clearing. Hopefully with time we will nudge the RI price and even get in the 200's.
Still a dog
Wow.. I’ve been so fed up with this share recently.. finally some meaningful move over 160. Patience is the key. Great to see the price being suspended because of the magnitude of the rise
Looking much better than I anticipated today.Still underwater but nice to be wrong
sometimes!
Glad I only had a small holding here, should have sold at 160 before rights issue. My £900 is worth £150, but u can’t see it returning to that, ever.
Going to be interesting to see what the market makes of it. No nasty surprises and you’d hope the ugly numbers are more than factored into the SP.
If anything the cash generation is positive and they have confirmed the covenant relaxation has been agreed this month.
Roll on a more positive update in next news we hear!
Had to look up what LOTM ment.... going down but keeping them, long run, will wait a bit and see if I buy more when it drops. I saw China is going up a bit this month ( no more decline but growing), if it continues, then chemicals will follow in a few months....
Howdey
You called wright on Friday. Bought some more SYNT. I have averaged down to 149p and holding more shares than I comfortably with.
The other day i posted, said i was waiting for 27-8p. I had a light bulb moment and bought some more. Held back from selling on Friday. Still waiting for 27-8.
FCH, only just noticed them, I didn’t see anything. If you had them on results day. Nice shootun cowboy!
That's the spirit WT. I went for ITV this morning as DARK got away from me and ITV was only up about 5% on buyback and divi.
Results which have been coming through are generally positive and nice to see BODs are seeing buybacks as the pathway to value.
When it comes to SYNT ... I am taking the view not to buy more however attractive it gets before Tuesday. 2024 could well be a forecast of more revenue drop which will impact that EBITDA line. They have no way to defend the SP and with the Malaysians holding so much it's not really a business open to be acquired by anyone but them.
Hi BH
As a war torn veteran, SYNT could go to 160p or drop to 120p
Hi JW
Dumped the rest of DARK. You can always buy back at a lower price. Was gifted 888 this morning, sold first thing at 85p. Bought back later at 82p. I won’t be to smug. Pride before the fall and all that
Hi LOTM
I will post this weekend.
Well WT, DARK reads well this morning. Really should smash through that 400 which has been a ceiling for some time. A couple to buy at open this morning if train not already missed.
I think the read across from Croda would indicate the demand 'trough' has extended. Should be in line with the update you'd think. What we really need to hear is confirmation that the slackening of covenants has been extended.
WT ... I guess I will add more SYNT on Friday if it continues to be taken down.
I don't hold IQE long. Was all out today to increase cash holding more than anything. It dipped because of Apple pulling plug on a vendor which had little relevance. I just think there's always an excuse with that company so won't hold long term.
Quite a few results tomorrow. Hopefully some reds will change colour!
Hi WalkieTalkie,
So what are you wanting to know with the 2 options ?
Re-investing the cash gives you compound interest rather than just banking the profit.
At the same time you have more cash invested in the company so you have more capital at risk.
If you want as close to free money as you can get just go buy some IPEL offer is due to close in 2 weeks worth £9.50 you can buy them for £8.30 or less & in there is a chunk of 3 year loan notes with 17% compound return (which works out at around 20% PA)
LOTM
Morning all,
Any thoughts ahead of the results presentation on Tuesday? The share price seems to have lost any momentum we had, which I didn't like personally at least. How has this typically traded leading up to results presentations in recent quarters? My personal instinct with question marks about the chemicals markets outlook, is to step aside for now, and hear what management have to say before reassessing. Thoughts from seasoned SYNT veterans?
Hi JW
Where are you with SYNT, sub 145 I’m in. Optimistic with Dark, we won’t have to wait to long results tomorrow. I have been in and out of 888 for the few days, I know you think the margins are too low. But I have a few more shares than I did last week. I have sold a few 888, will be buying back at 83. Waiting for PFC to get to 27-8 range.
Any thing on IQE?. I have had for a longggg time. They are not in my ISA, So don’t trade these
.
Hi WT,
Certainly some carnage out there. Added another 50K of PFC today from 23.76 downwards. Topped up FCH and added THG. Exited FRES and a little OCDO and IQE. Sat on some nasty red numbers for the minute with a little cash still available to add to PFC if they succeed pulling it down further.
Portfolio value has certainly taken a pounding over the last week or so. Hope it's not 2023 pt2. Anything I'm holding long is just bleeding and none of these quick trades can recover that number.
Of course funds will be selling what they consider lame ducks this month so should be expected I guess.
NASDAQs going mental so DARK might follow down tomorrow. I didn't catch the Crowdstrike results for any read across. 335 is my number on DARK but I'm light on powder at the moment.
Howdey JW
OUCH! Is this a pre budget thing. Or the market getting nervous about the dizzy highs of the Dow. I have a lot of red in my account today. But I did buy sum more DARK. You probably already know they have results this week.
I have a eye to buy DARK, PAY, PTAL. I don’t think PTAL will stay at these levels for long.
Happy hunting
The maths is a bit off
Sell at 103p £3333 + 3% = £99 = £3432
Buy at 101p £3432 = 3398 shares
Sell at 105p £ ? + 3% = £ ? = £ ?
Buy at 102p £ ? = ? Shares
Sell at 106p.£ ? + 3% = £ ? = £?
Keep going all the way up to 147p